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Dec 30, 2012
12/12
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fiscal cliff hanger, lawmakers scrambling to make a deal to keep sharp tax increases an spending cuts from taking effect in 36 hours. can washington get it done? we'll find out where the president stands as he talks exclusively to nbc news. >>> moments of impact. dramatic new images of the moment when a passenger jet crashed off the runway in russia on to a roadway killing four people. ♪ >>> and, fishy thing, this london fishmonger whose sales pitch has turned him into an internet sensation. the viral video that has millions of people around the world hooked, today, sunday, december 30th, 2012. >>> from nbc news this is "today" with lester holt and erica hill >>> i'm erica hill. >> i'm carl quintanilla. >> all eyes on washington. a number of americans wondering this morning why lawmakers have not yet been able to reach a deal to avoid the fiscal cliff. president obama spoke exclusively to nbc's david gregory. we are going to get a preview of what he has to say just ahead. >> it has been just two weeks since the tragedy of sandy hook elementary in connecticut. a teenager in californi
fiscal cliff hanger, lawmakers scrambling to make a deal to keep sharp tax increases an spending cuts from taking effect in 36 hours. can washington get it done? we'll find out where the president stands as he talks exclusively to nbc news. >>> moments of impact. dramatic new images of the moment when a passenger jet crashed off the runway in russia on to a roadway killing four people. ♪ >>> and, fishy thing, this london fishmonger whose sales pitch has turned him into an...
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Jan 1, 2013
01/13
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WMAR
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cliff deadline went by. >> we have done some good for the country. >> reporter: since lawmakers missed the midnight deadline nearly every american wakes with up higher taxes. but congress can undo those tax hikes if the house passes the senate's bill. vice president biden who was instrumental in brokering the deal told reporters he is hopeful it gets through the house but you never know. >> you shouldn't predict how the senate will vote before they vote and number two you surely can't predict how house is going to vote. >> reporter: the bill would extend tax couples for those earning under 400,000 dollars and prevent a big tax hike in a state valued at less than 5 million dollars and extend unemployment benefits for 2 million people. house will take up the bill and the hope is they can pass it before the economy is rocked by the tax hikes. >> i feel very, very good>> reporter: president obama called the vote the right thing to do for the country and encouraged the house to pass the bill right away. abc news, washington. >>> medicare reimbursement could take a hit if the fiscal cliff is
cliff deadline went by. >> we have done some good for the country. >> reporter: since lawmakers missed the midnight deadline nearly every american wakes with up higher taxes. but congress can undo those tax hikes if the house passes the senate's bill. vice president biden who was instrumental in brokering the deal told reporters he is hopeful it gets through the house but you never know. >> you shouldn't predict how the senate will vote before they vote and number two you...
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Dec 24, 2012
12/12
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CNBC
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by going over the fiscal cliff? >> i think one of the things to look at here is that, and you have to look at the back side, is that retailers in respect of inventories, are in the best position possible. also an anniversary of cheaper cotton prices here. revenue i don't think the big story for this segment in 2013. if they can hold on and if the fiscal cliff is really bad and can't hold on, it won't be as negative as other periods. the simple fact that retailers are in much better shape in terms of cost and than they've been in years. if the fiscal cliff is fixed, then have a very strong first half and back half of next year. if it doesn't, we will have a situation that we see at christmas where low sales will not translate to mixed earnings. they will see a lot of margin improvements and upside from there. >> all right. we will leave it there. thank you. i appreciate your time. have a great holiday. >> thank you. >>> up next, hollywood is eyeing what could be the best for the box office ever. pushing towards the f
by going over the fiscal cliff? >> i think one of the things to look at here is that, and you have to look at the back side, is that retailers in respect of inventories, are in the best position possible. also an anniversary of cheaper cotton prices here. revenue i don't think the big story for this segment in 2013. if they can hold on and if the fiscal cliff is really bad and can't hold on, it won't be as negative as other periods. the simple fact that retailers are in much better shape...
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Dec 31, 2012
12/12
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>> they're looking for a deal to be done that averts the worst effects of the fiscal cliff. always remembering that there will be some form of spending cuts and tax rises in the united states. but nothing like the grinding austerity that would be imposed on the u.s., and by definition and extension, the rest of the world, if the u.s. goes over the cliff. put it in context. this year the eurozone is in recession. next year recessions likely, growth just about possible. in that scenario for the largest trading partner to have a fiscal retrencherant, a slowdown of the magnitude of the cliff, ali, is pretty dramatic and drastic for everybody else watching. >> richard, there's a chance there could be a boomerang effect. the united states may grow, let's say 3% for argument's sake in 2013. that is going to be healthier than europe by a long shot, and we're seeing slowing in a lot of other major economies, including china, india, brazil. is there some sense that, just like the u.s. set off all of this nonsense back in 2008, a u.s. retrenchment, as you call it, a slowdown in growth
>> they're looking for a deal to be done that averts the worst effects of the fiscal cliff. always remembering that there will be some form of spending cuts and tax rises in the united states. but nothing like the grinding austerity that would be imposed on the u.s., and by definition and extension, the rest of the world, if the u.s. goes over the cliff. put it in context. this year the eurozone is in recession. next year recessions likely, growth just about possible. in that scenario for...
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Dec 24, 2012
12/12
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CSPAN
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one is i have come slowly but fiscal cliff, because i think it will actually drive government toward thinking in transformative ways, which really needs to be done. we have wrung all the inefficiencies about government by -- a certain school of management. we need to recognize that it is not going to come from or be driven from the federal level. citizens have more interaction with local government and state federal government. with the federal government are extremely limited. so i think we need to turn some of these things around and focus more on high-value applications. force did a wonderful job -- what do citizens want from the government? where would they want to see applications made available to them? citizens -- to the extent they're satisfied with government at all, they are satisfied more with their e- there are things that we can build on, the trust been one of -- is one of the most critical issues. >> yes, one of the things citizens want is speed. i ordered something the other day online and was at my house in two days. compare that with a federal agency where i was requ
one is i have come slowly but fiscal cliff, because i think it will actually drive government toward thinking in transformative ways, which really needs to be done. we have wrung all the inefficiencies about government by -- a certain school of management. we need to recognize that it is not going to come from or be driven from the federal level. citizens have more interaction with local government and state federal government. with the federal government are extremely limited. so i think we...
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Jan 1, 2013
01/13
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CNNW
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cliff deal not done at all. stay with cnn all day for the developing news on the fiscal cliff, we have a big house vote perhaps as this bill gets to the floor. as we say good-bye to 2012 thank you to all the people behind the scenes who make "starting point" possible. happy new year, everyone. ♪ ♪ ♪ ♪ ♪ should all acquaintance be forgot
cliff deal not done at all. stay with cnn all day for the developing news on the fiscal cliff, we have a big house vote perhaps as this bill gets to the floor. as we say good-bye to 2012 thank you to all the people behind the scenes who make "starting point" possible. happy new year, everyone. ♪ ♪ ♪ ♪ ♪ should all acquaintance be forgot
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Jan 1, 2013
01/13
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KQED
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washington lawmakers are getting close to a fiscal cliff deal, but they might not get it done before the midnight deadline tonight. the senate could vote in time, but it's possible the house will wait until tuesday. that means the u.s. could go over the fiscal cliff.
washington lawmakers are getting close to a fiscal cliff deal, but they might not get it done before the midnight deadline tonight. the senate could vote in time, but it's possible the house will wait until tuesday. that means the u.s. could go over the fiscal cliff.
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Dec 24, 2012
12/12
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FBC
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cliff will get us to do the really hard work that needs to be done. >> adam, in the recesses of your most con spear tospicon-- con spespir conspiretorial mind, people are going to lose jobs if we cut government spending and nobody wants to lose jobs. on the other hand they all know, by them, in washington there has to be cuts and it's easier for them, it's the conspiracy talking. >> what's wrong with going over the cliff. >> such wonders and-- >> the world is not going to end. >>, but you and i have jobs and some people will lose them. >> some of them. >> it will force coping to make the hard choices we need to make. david: hold on a second though. the one, the only thing that could raise revenue significantly is growth. i think everybody, republicans and democrats, one thing they agree on is that growth. that could increase revenue by hundreds of billions, not just tens of billions, and if everybody gets a tax increase, shibani, will likely go into recession in any we'll have negative growth and that will mean even worse of a deficit. >> if you start to cut spending you're going to
cliff will get us to do the really hard work that needs to be done. >> adam, in the recesses of your most con spear tospicon-- con spespir conspiretorial mind, people are going to lose jobs if we cut government spending and nobody wants to lose jobs. on the other hand they all know, by them, in washington there has to be cuts and it's easier for them, it's the conspiracy talking. >> what's wrong with going over the cliff. >> such wonders and-- >> the world is not going...
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cliff deadline had gone by. >> i think we can say we've done some good for the country. >> reporter: since lawmakers missed the midnight deadline nearly every american wakes up with higher taxes but congress can undo those tax hikes if the house passes the senate's bill. vice president biden, who was instrumental in brokering the deal, told reporters he's hopeful it can get through the house but you never know. >> you shouldn't predict how the senate will vote before they vote and number two, you surely shouldn't predict how the house is going to vote. >> reporter: it would extend tax cuts for all workers earning under $400,000 and raise taxes on people above that level and prevent a big tax hike in an estate valued at less than $5 million and extend unemployment benefits for 2 million people. the house will take it up later this morning, the hope is that chamber can pass it before the economy is rocked by the tax hikes. >> happy new year. i feel very, very good. >> reporter: president obama called the senate vote the right thing to do for the country and he encouraged the house to p
cliff deadline had gone by. >> i think we can say we've done some good for the country. >> reporter: since lawmakers missed the midnight deadline nearly every american wakes up with higher taxes but congress can undo those tax hikes if the house passes the senate's bill. vice president biden, who was instrumental in brokering the deal, told reporters he's hopeful it can get through the house but you never know. >> you shouldn't predict how the senate will vote before they vote...
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Dec 29, 2012
12/12
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KQED
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gold prices pulled back today on worries about the fiscal cliff, will the metal shine in 2013? then cuba, tonight's "market monitor" sees big opportunity on the tiny island when the embargo's lifted. thomas herzfeld, of thomas herzfled advisors joins us. that and more tonight on "n.b.r."! president obama says he's "modestly optimistic" a fiscal deal can be reached in time. he said he's instructed senator harry reid and senator mitch mcconnell to come up with a plan that can pass in congress. his brief comments a short while ago came after a whit
gold prices pulled back today on worries about the fiscal cliff, will the metal shine in 2013? then cuba, tonight's "market monitor" sees big opportunity on the tiny island when the embargo's lifted. thomas herzfeld, of thomas herzfled advisors joins us. that and more tonight on "n.b.r."! president obama says he's "modestly optimistic" a fiscal deal can be reached in time. he said he's instructed senator harry reid and senator mitch mcconnell to come up with a plan...
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Dec 31, 2012
12/12
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so we'll be on fiscal cliff watch on fast money. hopefully we'll have a deal to talk about. it's also about 2013 trades. predictions on the commodity front. top trade in the internet space. all of our traders will be prepared to give their top trades, as well. and of course we have broadcasting tonight in times square, heart of the biggest party in the universe. >> good luck getting home. >> really. >> have a great new year. >> thank you. you, too. >> we'll see you in 2013. here's what you missed if you're just tuning in. >>> welcome to hour three of "squawk on the street." here's what's happening so far. >> the real question is whether or not the president will weigh in and push the democrats in the senate to move forward with a bill today. if that happens, then i think that we can solve this current challenge. >> we ought to be concentrating on how to get government out of the way. get them off the back of small and medium sized businesses, even large corporations. let our economy grow. >> the economy is an incredible ability to s
so we'll be on fiscal cliff watch on fast money. hopefully we'll have a deal to talk about. it's also about 2013 trades. predictions on the commodity front. top trade in the internet space. all of our traders will be prepared to give their top trades, as well. and of course we have broadcasting tonight in times square, heart of the biggest party in the universe. >> good luck getting home. >> really. >> have a great new year. >> thank you. you, too. >> we'll see you...
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Jan 1, 2013
01/13
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KPIX
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cliff." the one final hurtle to cross in the next couple of hours. >> reporter: tens of thousands lined up on the embarcadero to take in the new year's eve fireworks but police say some celebrations turned violent. we'll have the details in a live report. >>> and a ritzy new york couple busted with weapons and a bomb stash. but that's not all. the book that has police so concerned. keep it right here. we'll be back. ,,,, p [ female announcer ] pillsbury crescents on their own are fantastic but add some sauce, pepperoni and cheese and fold up the crescent dough...and presto! tuesday night just became crescent pizza pocket-tastic pillsbury crescents. let the making begin here's a better idea. pillsbury grands! flaky layers biscuits in just 15 minutes the light delicate layers add a layer of warmth to your next dinner. pillsbury grands biscuits dance class, shopping, and more. so do something nice for it. chevron with techron. care for your car. i'm grace lee michelle has the >>> america rings i
cliff." the one final hurtle to cross in the next couple of hours. >> reporter: tens of thousands lined up on the embarcadero to take in the new year's eve fireworks but police say some celebrations turned violent. we'll have the details in a live report. >>> and a ritzy new york couple busted with weapons and a bomb stash. but that's not all. the book that has police so concerned. keep it right here. we'll be back. ,,,, p [ female announcer ] pillsbury crescents on their...
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Dec 31, 2012
12/12
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CNNW
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if this fiscal cliff thing is done, i'm going to sleep. however, if it isn't dealt with, your taxes are going to go up. your grocery bill might go up too. the deal that could affect milk prices, next. and a new year's message from washington from one of our viewers. >> my new year's message to washington is this. there are not wealthy enough and corporations to keep you in office. in this light, grow up, govern, and most importantly. support middle class policies. am i on this one? no, no, no, no, no. i am on this one. [ male announcer ] for every 2 pounds you lose through diet and exercise alli can help you lose one more by blocking some of the fat you eat. simple. effective. belt-friendly. let's fight fat with alli. learn more, lose more at letsfightfat.com. learn more, lose more are you flo? yes. is this the thing you gave my husband? well, yeah, yes. the "name your price" tool. you tell us the price you want to pay, and we give you a range of options to choose from. careful, though -- that kind of power can go to your head. that explai
if this fiscal cliff thing is done, i'm going to sleep. however, if it isn't dealt with, your taxes are going to go up. your grocery bill might go up too. the deal that could affect milk prices, next. and a new year's message from washington from one of our viewers. >> my new year's message to washington is this. there are not wealthy enough and corporations to keep you in office. in this light, grow up, govern, and most importantly. support middle class policies. am i on this one? no,...
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a major step closer to a deal that will limit had the damage done by going over the fiscal cliff. overnight, the senate passed a bill that will keep taxes in check for most americans. news 4's megan mcgrath live on capitol hill with the breakdown. megan, good morning. >> reporter: good morning, aaron. that's right. under this deal, about 98% of americans would avoid paying higher taxes. the big question though, is will house conservatives go for it. it was a little bit after 2:00 this morning, two hours after the fiscal cliff deadline, that the senate passed a measure blocking automatic across the board tax increases and spending cuts. under the compromise taxes would go up for individuals making $400,000 or more and couples making over $450,000. that threshold, i should mention, is higher than what the president wanted. as for cuts to defense and domestic programs, that would all be delayed for about two months to allow lawmakers to continue negotiating. a little breathing room there. the deal has renewed optimism that the country will avoid the worst case scenario in all of this
a major step closer to a deal that will limit had the damage done by going over the fiscal cliff. overnight, the senate passed a bill that will keep taxes in check for most americans. news 4's megan mcgrath live on capitol hill with the breakdown. megan, good morning. >> reporter: good morning, aaron. that's right. under this deal, about 98% of americans would avoid paying higher taxes. the big question though, is will house conservatives go for it. it was a little bit after 2:00 this...
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Dec 29, 2012
12/12
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MSNBCW
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what speaker boehner has done is create a situation in which we are going to go over the fiscal cliff. but the people who want higher taxes, the democrats they will not be ready for it. it was john boehner that walked away the negotiations to try plan-b and then it was mr. boehner who failed to pass the plan. and then it was mr. boehner who said it was somebody else's problem. what he has done is a debacle for the republicans. the white house has been sitting back and letting it happen. you can call it deal and jam. >> i am optimistic that we can reach an greept that can pass both houses in time. senators reed and mcconnell are working on such an agreement as we speak. but, if an agreement is not reached in time, between reed and mcconnell, i will urge senator reed to bring to the floor a basic package for an up or down vote, one that protects the middle class from an income tax hike and extends the vital life line of unemployment insurance for two million americans looking for a job and lays the groundwork for more cooperation on deficit reduction and economic growth. guys, i can hea
what speaker boehner has done is create a situation in which we are going to go over the fiscal cliff. but the people who want higher taxes, the democrats they will not be ready for it. it was john boehner that walked away the negotiations to try plan-b and then it was mr. boehner who failed to pass the plan. and then it was mr. boehner who said it was somebody else's problem. what he has done is a debacle for the republicans. the white house has been sitting back and letting it happen. you can...
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Dec 29, 2012
12/12
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MSNBCW
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what speaker boehner's done is create a situation in which we're going to go over the fiscal cliff. but the people who want higher taxes, the democrats, they're not going to be blamed for it. after all, it was john boehner who walked away from negotiations to try plan "b" last week. then it was john boehner who planned to pass plan "b" that very same week. then it was mr. boehner who said it was up to the senate, someone else's problem. just from a pr perspective, what john boehner has done here is a debacle for the republicans. and the white house, they've just been sitting back the last week or so and letting it happen. but today, they gave us their plan going forward. you could call it deal and jam. >> i'm optimistic we may still be able to reach an agreement that could pass both houses in time. senators reid and mcconnell are working on such an agreement as we speak. but if an agreement isn't reached in time, between senator reid and senator mcconnell, than i will urge senator reid to bring to the floor a basic package for an up or down vote, one that protects the middle class f
what speaker boehner's done is create a situation in which we're going to go over the fiscal cliff. but the people who want higher taxes, the democrats, they're not going to be blamed for it. after all, it was john boehner who walked away from negotiations to try plan "b" last week. then it was john boehner who planned to pass plan "b" that very same week. then it was mr. boehner who said it was up to the senate, someone else's problem. just from a pr perspective, what john...
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Dec 31, 2012
12/12
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senator john mccain told me just a little while ago even if a fiscal cliff deal is done, the battle between the white house and congressional republicans is far from over. >> i think there's going to be a whole new field of battle when the debt ceiling rolls around. >> all right. let's dig a little bit deeper with ryan lizza. he's washington correspondent for the new yorker magazine. also ali velshi our chief correspondent is joining us. deal or no deal? >> looks like from what dana is reporting, that a deal is in sight. republicans are saying they're going to have a vote tonight. looks like a deal is done. >> with the senate. >> we don't know what the house will do. and the last time john boehner tried to put something on the floor, his caucus rebelled. he'd have to let the house vote its will. >> but you agree if the president of the united states supports it, most of the house democrats will support it. so you don't need a majority of the republicans, you need a few republicans to get to that magic number of 218. >> exactly. obama and pelosi seem to have a firm grasp on the house democra
senator john mccain told me just a little while ago even if a fiscal cliff deal is done, the battle between the white house and congressional republicans is far from over. >> i think there's going to be a whole new field of battle when the debt ceiling rolls around. >> all right. let's dig a little bit deeper with ryan lizza. he's washington correspondent for the new yorker magazine. also ali velshi our chief correspondent is joining us. deal or no deal? >> looks like from...
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Jan 1, 2013
01/13
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WUSA
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. >>> this morning we have technically gone over the fiscal cliff, however, the senate has reach add deal to avoid some of the tax hikes and the automatic spending cuts. >> we're far from having a done deal. if the senate passes on the compromise, it will move to the house where it will likely face more opposition. tara mergener reports from capitol hill. >> reporter: in the early morning hours of new year's day, the senate began voting on a bill to avoid the so-called fiscal cliff. >> the bill as amended is passed. >> reporter: the senate voted 89-8 to avoid tax hikes for 99% of all americans. >> this shouldn't be the model for how we do things around here but i think we can say we've done some good for the country. >> reporter: if the bill eventually becomes law, the bush era tax cuts will be permanently extended for everyone making less than $400,000 a year. and families making less than $450,000 a year. it will also keep the alternative minimum tax for the wealthy from hitting millions of middle-class families. >> middle-class families will wake up today to the assurances that th
. >>> this morning we have technically gone over the fiscal cliff, however, the senate has reach add deal to avoid some of the tax hikes and the automatic spending cuts. >> we're far from having a done deal. if the senate passes on the compromise, it will move to the house where it will likely face more opposition. tara mergener reports from capitol hill. >> reporter: in the early morning hours of new year's day, the senate began voting on a bill to avoid the so-called...
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Jan 1, 2013
01/13
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KPIX
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after weeks of back-and-forth bickering we may have a deal on the "fiscal cliff." it is not literally the 11th hour but it's close. according to a democratic aide who says the white house has reached an agreement with congressional republicans, is essentially a done deal but let's get the latest. cbs reporter randall pinkston joins us live from capitol hill with the details. randall. >> reporter: brian, just minutes ago we saw vice president joe biden's motorcade arrive on the grounds of the nation's capital. he is in there right now briefing members of the democratic caucus about the details and here are some of those details. the sequester which is supposed to take place tonight the automatic spending cuts have been put off for two months to give democrats and republicans, the white house and congressional leaders time to work out a longer deal. but right now, they have one that will at least avoid the nation and the economy going off that so-called "fiscal cliff." the senate is close to a deal as the clock ticks toward midnight and the nation teeters on the edge
after weeks of back-and-forth bickering we may have a deal on the "fiscal cliff." it is not literally the 11th hour but it's close. according to a democratic aide who says the white house has reached an agreement with congressional republicans, is essentially a done deal but let's get the latest. cbs reporter randall pinkston joins us live from capitol hill with the details. randall. >> reporter: brian, just minutes ago we saw vice president joe biden's motorcade arrive on the...
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Dec 26, 2012
12/12
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CNBC
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is set to go over the fiscal cliff in five days. that means taxes will go up for nearly every american. dramatic spending cuts will kick in. president obama and congress will be back from vacation tomorrow. but will anything get done? >>> plus, wild winter weather sweeping through the country. we'll bring you the latest details on which part of the u.s. could be hit next. cnbc's "worldwide exchange" starts now. >>> and welcome to a special edition of reside worldwide. ross andcle reoff today for boxes day in -- kelly are off today for boxing day. for now, you is us. >> we'll start with a brief check on the markets. energy and metals are trading higher now, wtis up about 55 cents. brent crude up 65 cents. also want to check in on the gold price, as well. gold right now down about slightly under the flat line there, 1,-658. well below the 1,700 mark. the cme globex has been closed for christmas. it's going to reopen at 6:00 a.m. eastern time. that goes for treasuries and the foreign exchange market, as well. >> as for action in the ov
is set to go over the fiscal cliff in five days. that means taxes will go up for nearly every american. dramatic spending cuts will kick in. president obama and congress will be back from vacation tomorrow. but will anything get done? >>> plus, wild winter weather sweeping through the country. we'll bring you the latest details on which part of the u.s. could be hit next. cnbc's "worldwide exchange" starts now. >>> and welcome to a special edition of reside...
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Dec 24, 2012
12/12
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CNBC
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how is oil dependent on fiscal cliff deal or no deal? >> well, i think that's the biggest short-term burden that crude oil and most of the commodities have right now. the biggest factor is if no deal is done by year end, the possibility of the u.s. slipping into a recession in the first half, greatly increases significantly. if that does that, you can see crude oil prices back off to that short-term support right around 86. i think overhead we're met with about a 91 resistance. the volume and also the participants in the market are going to be significantly less as a result of these fiscal cliff worries. >> we're going to sort of trend right around here -- it doesn't look like we're going to get a deal before year end of any great significance. that being said, we may get one last year. do we trade in line right here? >> so we're going to trade probably 91 on the upside, 86 on the low side. i think once a deal is done, you're going to see a reemergence of a risk-on rally. i think that's where crude oil breaks out to the upside. we start
how is oil dependent on fiscal cliff deal or no deal? >> well, i think that's the biggest short-term burden that crude oil and most of the commodities have right now. the biggest factor is if no deal is done by year end, the possibility of the u.s. slipping into a recession in the first half, greatly increases significantly. if that does that, you can see crude oil prices back off to that short-term support right around 86. i think overhead we're met with about a 91 resistance. the volume...
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Dec 29, 2012
12/12
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CNNW
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all of it is at stake if the country goes over the fiscal cliff. it's a cliff that lawmakers built. they set the tuesday deadline, they knew it was coming for more than a year. but even now, they have done little to agree to a package before that time. keeping them honest, the people in this building have known what's coming on tuesday, yet they're only returning to this building to get back to work just now. senators came back yesterday. house members, well, they woet be back until sunday. this afternoon, house and senate leaders met with president obama at the white house. they talked for about an hour. afterwards, president obama said he was modestly optimistic. bypassing house speaker john boehner who had trouble getting his fellow republicans to agree to anything, the president called on senate majority and minority leaders harry reid and mitch mcconnell to work out a deal and then present it to a house. he also laid out a scaled down mini deal if they can't manage it. >> if we don't see an agreement between the two leaders in the senate, i expect a bill to go on the floor, and
all of it is at stake if the country goes over the fiscal cliff. it's a cliff that lawmakers built. they set the tuesday deadline, they knew it was coming for more than a year. but even now, they have done little to agree to a package before that time. keeping them honest, the people in this building have known what's coming on tuesday, yet they're only returning to this building to get back to work just now. senators came back yesterday. house members, well, they woet be back until sunday....
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. >>> coming up whatever is done or not done about the fiscal cliff, you need to get your financial house in order right now, so we're getting you all set for the new year. >>> and then later it's one of the most famous photographs of the 20th century. ever wonder who they are? you'll meet them. you're watching "cbs this morning saturday". >> is this is a weather alert. sheer an update good morning everyone from the 9news weather center. we'retracking the storm moving through our area. it looks like we're in the clear inside and outside the beltway. northwestof town we're seeing light snow somehow r tell us beginning to pass on through. acumulation inareas like couple ber scompland oakland. stay tune sxd we'llcoupe you posted about this coming storm into the afternoon. . >>> coming up we'll take a look at a documentary film about a man who woke up not knowing who he is and he still doesn't. >> can you imagine? some are skeptical of the no identity claim. but the film maker says no one has come forward to prove it wrong. and benjamin kyle has no idea who he is. he refuses to take money for
. >>> coming up whatever is done or not done about the fiscal cliff, you need to get your financial house in order right now, so we're getting you all set for the new year. >>> and then later it's one of the most famous photographs of the 20th century. ever wonder who they are? you'll meet them. you're watching "cbs this morning saturday". >> is this is a weather alert. sheer an update good morning everyone from the 9news weather center. we'retracking the storm...
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but i actually still think we can gets it done. >> so what does the lack of a fiscal cliff deal with just days left in the 2012 mean for the markets? joining us from the cme, kevin ferry of cronis futures management. it's sad to watch all those clips back to back and realize where we are today. >> it's tough. mar's comments really ring perfectly at the end of that. that's for sure. >> and so just sort of set us up for the market day or maybe even the market week to the extent we have one left. how -- how do you think about the way the market may trade given the fact that we may have next to no deal likely i think before january 1 or at least in we do it's a baby. baby deal. >> right. right. well, here's what -- here's what we're observing so far, andrew. that the only significant move that we've really seen from the market has been the nighttime move when they walked away. and the rest of the session was actually quite quiet. so as far as the u.s. markets really putting pressure on the deal, we think it's been kind of void. so the real key, the trade that everyone now is listening, e
but i actually still think we can gets it done. >> so what does the lack of a fiscal cliff deal with just days left in the 2012 mean for the markets? joining us from the cme, kevin ferry of cronis futures management. it's sad to watch all those clips back to back and realize where we are today. >> it's tough. mar's comments really ring perfectly at the end of that. that's for sure. >> and so just sort of set us up for the market day or maybe even the market week to the extent...
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. >>> coming up whatever is done or not done about the fiscal cliff, you need to get your financial house in order right now, so we're getting you all set for the new year. >>> and then later it's one of the most famous photographs of the 20th century. ever wonder who they are? you'll meet them. you're watching "cbs this morning saturday". . >>> coming up we'll take a look at a documentary film about a man who woke up not knowing who he is and he still doesn't. >> can you imagine? some are skeptical of the no identity claim. but the film maker says no one has come forward to prove it wrong. and benjamin kyle has no idea who he is. he refuses to take money for his story. we'll be speaking with him when we come back. this is "cbs this morning saturday." ♪ ♪ [ female announcer ] no more paper coupons. no more paper lists. [ dog barking ] ♪ ♪ no more paper anything. safeway presents just for u. ♪ ♪ save more. save easier. saving more, starts now. just for u on the safeway app. >>> welcome back to "cbs this morning saturday." we're back with jeff berardelli. a lot of familiar faces
. >>> coming up whatever is done or not done about the fiscal cliff, you need to get your financial house in order right now, so we're getting you all set for the new year. >>> and then later it's one of the most famous photographs of the 20th century. ever wonder who they are? you'll meet them. you're watching "cbs this morning saturday". . >>> coming up we'll take a look at a documentary film about a man who woke up not knowing who he is and he still...
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the clock is ticking and there's now less than 48 hours to get a fiscal cliff deal done. so can a compromise be reached before your wallet takes a hilt. the anchor of fox news sunday, a guy who knows his biz, chris wallace weighing in this hour. >> dave: maybe wake them up over on capitol hill. good news for the bush family, former president george h.w. bush is now out of intensive to be doing much better and we'll update his condition. >> clayton: and let me pull the spectacles off for this one. a newspaper publishing gun owners names not backing down. and what county they have now. >> dave: and put the glasses on to read. >> clayton: put them on for this part. "fox & friends" hour three starts right now. >> juliet: yes. ♪ >> here, i just looked at my twitter and it's blowing up with people yelling at me for having my tissues behind here. >> dave: etiquette, juliet in for ali. >> juliet: first of all, i have a cold. i can't reach back like this to grab my tissue box, i take a few and put them right here. everybody okay with that? everybody okay with that. >> clayton: t
the clock is ticking and there's now less than 48 hours to get a fiscal cliff deal done. so can a compromise be reached before your wallet takes a hilt. the anchor of fox news sunday, a guy who knows his biz, chris wallace weighing in this hour. >> dave: maybe wake them up over on capitol hill. good news for the bush family, former president george h.w. bush is now out of intensive to be doing much better and we'll update his condition. >> clayton: and let me pull the spectacles off...
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cliff, would it be your advice to him to try to draft and bring some sort of legislation to the floor that was a bipartisan effort to discuss this? >> well, i mean, i think there's a bigger question to be answered, first, and, i mean, part of the dynamic -- whenever you have something like this occur, it's just so horrific, and it sort of shocks the country. what you unfortunately get sometimes is people pointing at each other to blame each other. it's the right blaming the left for the cultural dynamic, and it's the left blaming the right because of allowing guns to sort of be on the street and so have you this dynamic. ultimately the problem is how do we solve this problem, and i think the dynamic here is also we have to address a really serious problem. that is what do we do with people who are clearly mentally ill that we are aware of that are mentally ill, and you saw this happen with gabby giffords and in terms of columbine. obviously, this incident as well. virginia tech. what do you do when you recognize someone that's got a mental illness problem that could be a threat, and h
cliff, would it be your advice to him to try to draft and bring some sort of legislation to the floor that was a bipartisan effort to discuss this? >> well, i mean, i think there's a bigger question to be answered, first, and, i mean, part of the dynamic -- whenever you have something like this occur, it's just so horrific, and it sort of shocks the country. what you unfortunately get sometimes is people pointing at each other to blame each other. it's the right blaming the left for the...
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and is the president going to get any work done? tell us a little bit about the fiscal cliff here. we know the senate is going to come back on thursday. do we expect the presidt to come back to washington and deal with trying to avoid these tax increases and the spending cuts? >> it really does sound like he'll be coming back, suzanne. it is not official. the white house hasn't put out a schedule update. it seems to be more a matter of when he is coming back rather than if. the senate will reconvene thursday. all eyes there as senate majority leader harry reid tries to cobble together something that can get some republican support. we'll be waiting to see exactly when president obama is coming back but we understand that the senate even though it reconvenes on thursday may not, senate democrats may not roll out a bill until closer to the new year. also get some republican support and put pressure on the house to take it up. >> we'll be following that very closely. have a wonderful christmas and of course we'll talk with you a little bit later. if there are any developments on the f
and is the president going to get any work done? tell us a little bit about the fiscal cliff here. we know the senate is going to come back on thursday. do we expect the presidt to come back to washington and deal with trying to avoid these tax increases and the spending cuts? >> it really does sound like he'll be coming back, suzanne. it is not official. the white house hasn't put out a schedule update. it seems to be more a matter of when he is coming back rather than if. the senate...
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. >>> the tedline for the fiscal cliff is now just four days away. >>> the president has not laid out a specific plan to deal with this. congress could have done the same. i think the american people should be disgusted. >>> the commander of operation desert storm died from complications of pneumonia. >> the more you sweat in peace, the less you bleed in war. >>> the powerful storm moving cross the country is finally moving out. >> although it's not major system it's going to cause problems for tomorrow. >> less than a few days. the longshoremen and the shipping companies are at an impasse. >> this is in real-time. >> real-time. >> is that a ring tone? what ring tone was that? >> i have "dancing queen" is my general ring tone for most people and then my wife's is "super trooper." >>> i'm rebecca jarvis with jeff glor. charlie, gayle, and norah are off. >>> the fiscal cliff negotiations are down to the wire and this afternoon president obama meets with congressional leaders to try to come to terms on a compromised plan. major garrett is at the white house. major, good morning. >> good
. >>> the tedline for the fiscal cliff is now just four days away. >>> the president has not laid out a specific plan to deal with this. congress could have done the same. i think the american people should be disgusted. >>> the commander of operation desert storm died from complications of pneumonia. >> the more you sweat in peace, the less you bleed in war. >>> the powerful storm moving cross the country is finally moving out. >> although it's...
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cliff. now president obama is calling on the house to pass the bill without delay. the bill stops most of the tax hikes and spending cuts that were to kick in at midnight. tara mergener is in washington with more this morning. tara, good morning to you. >> reporter: good morning, terrell. well, a deal is now on the books to avert some of the impact of the fiscal cliff which technically we have gone over. now it is up to the house. in the early morning hours of new year's day, the senate began voting on a bill to avoid the so-called fiscal cliff. >> the bill as amended is passed. >> reporter: the senate voted 89-8 to avoid tax hikes for 99% of all americans. >> this shouldn't be the model for how we do things around here. but i think we can say we've done some good for the country. >> r if the bill eventually becomes law, the bush era tax cuts will be permanently extended for everyone making less than $400,000 a year. and families making less than $450,000 a year. it will also keep the altern
cliff. now president obama is calling on the house to pass the bill without delay. the bill stops most of the tax hikes and spending cuts that were to kick in at midnight. tara mergener is in washington with more this morning. tara, good morning to you. >> reporter: good morning, terrell. well, a deal is now on the books to avert some of the impact of the fiscal cliff which technically we have gone over. now it is up to the house. in the early morning hours of new year's day, the senate...
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mike tyson. >> president owe pa ma returns to washington today with five days to avoid the fiscal cliff. >> all eyes will be on the senate after house republicans said it's up to senate leadership to reach a deal. >>> starbucks is urging action asking baristas in his washington, d.c., cafes to write the word "come together" on the cups. >> a new york newspaper facing backlash after it published the names and addresses of local gun owners. >>> a busy shanghai shopping center a shark tank exploded. >>> the windy city of chicago will sport america's most expensive parking meters. >> what do you think about that? >> too much. >> all that -- >> smith catches, shoots puts it up, puts it in at the buzzer! j.r. smith with another game winner! >>> what is your favorite app? >> scrabble. >> sometimes i want to yank that out of your hands. >> and all that matters. >> an endangered thin backed whale watched up on the breezy point section of queens. >> on "cbs this morning." >> i know he's smiling but that medal hanging around his neck there's a 40% chance he'll hang himself with it. captioning fund
mike tyson. >> president owe pa ma returns to washington today with five days to avoid the fiscal cliff. >> all eyes will be on the senate after house republicans said it's up to senate leadership to reach a deal. >>> starbucks is urging action asking baristas in his washington, d.c., cafes to write the word "come together" on the cups. >> a new york newspaper facing backlash after it published the names and addresses of local gun owners. >>> a busy...
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i think this is divine intervention because we didn't deal with the fiscal cliff. >> michael crapo was busted. >>> "newsweek" will continue its digital format. >> if you haven't finished up your holiday shopping, don't worry. millions of americans are hitting the stores today. >> i have nothing done. i just started. >> all that -- >> i looked at the recent footage and your face and you don't look a day older than 32 years ago. >> wide open and an attack. that's three events. >> seahawks win it. seattle is in with the playoffs. >> and all that matters. >> norad will be tracking santa class as he makes his way around the worlding. >> on centimet"cbs this "cbs t >>> welcome to "cbs this morning." i'm jeff floor. there is travel trouble across the nation and on the ground in the air on this busy day before christmas. >> and the problem is a storm system that hit the west coast over the weekend. now it's moving east, threatening to cause problems all week long and anna werner is at dallas-ft. worth international parent. good morning. >> reporter: good morning, rebecca and jeff. we receive a
i think this is divine intervention because we didn't deal with the fiscal cliff. >> michael crapo was busted. >>> "newsweek" will continue its digital format. >> if you haven't finished up your holiday shopping, don't worry. millions of americans are hitting the stores today. >> i have nothing done. i just started. >> all that -- >> i looked at the recent footage and your face and you don't look a day older than 32 years ago. >> wide open...
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doesn't mean they're going to get anything done as far as the fiscal cliff is concerned and because the deadline is so tight, about the most we could hope for may be is some kind of temporary deal. if they don't come up with a pick, the economy may be in for a big jolt. >> we're going to see economic activity slow down. i think we're going to see, with the certainty of tax rates raising on all of us that people contract their economic activity. >> and look, here is why. when you take a look at the impact of these tax hikes, at low income levels, a few hundred dollars. but for people make more than $500,000 a year, an average tax hike of $120,000 unless there is some kind of a fix. and finally, here is one possible solution, i guess. starbucks is telling all of their employees here in the dc area to write on every single coffee they make, come together. that is not just a tall order, but maybe a venty. i think a venty. >> kelly: that's really a good idea. not a good one, doug. >> clayton: thanks. what was your beverage of choice this morning? is that your coffee cup? >> juliet: all right
doesn't mean they're going to get anything done as far as the fiscal cliff is concerned and because the deadline is so tight, about the most we could hope for may be is some kind of temporary deal. if they don't come up with a pick, the economy may be in for a big jolt. >> we're going to see economic activity slow down. i think we're going to see, with the certainty of tax rates raising on all of us that people contract their economic activity. >> and look, here is why. when you...
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cliff. what did we do? electioneering. it was all about waiting until the election is over. when the elections become more important than governing the country, you get into the trouble we are in. it is not just wild spending. it is not just tax loopholes. it is about governing and fiscally managing things as you go along. it does not just have to be in the white house. it has got to be in congress as well. >> given the frustrations you have voice, if a grandchild said they want to go into politics, would you rejoice? >> i would be straightforward with them. when i decided i wanted to run for governor, somebody asked me if my skin was thick enough. i said, sure. i would encourage them to do it. there are bumps in the road and historical changes we have all seen and they will continue to happen. i predict longer-term there will be more independent-minded people who want to work together to get things accomplished. the bipartisan word will ultimately have more application. i was amused harry r
cliff. what did we do? electioneering. it was all about waiting until the election is over. when the elections become more important than governing the country, you get into the trouble we are in. it is not just wild spending. it is not just tax loopholes. it is about governing and fiscally managing things as you go along. it does not just have to be in the white house. it has got to be in congress as well. >> given the frustrations you have voice, if a grandchild said they want to go...
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we'll talk about what is coming up on the fiscal cliff. have you got your holiday shopping done yet? are you done? >> gretchen: i am waiting for three things to come in the mail that they might not arrive. >> i an alert said winter weather causing shipping delays. >> if you are worried about your packages in christmas eve, you delayed yourself. >> gretchen: blame the weather guy. l>> i ordered it on friday. >> gretchen: merry christmas . still no deal in sight just more of the same way blame game . e week before the taxes are going to sky rocket. steve is live in washington. >> good morning, gretchen and everybody. washington is shut down for the christmas holiday . when everybody does come back to town, the ball will be in the democrat's court because speaker boehner was unable to bring his on board. for the plan b. >> onous is on senator reid and the president to come up with a solution and present it to the house and get back to the bargaining table. >> now the president has insisted on a tax hike for the healthy but wants that at $250,
we'll talk about what is coming up on the fiscal cliff. have you got your holiday shopping done yet? are you done? >> gretchen: i am waiting for three things to come in the mail that they might not arrive. >> i an alert said winter weather causing shipping delays. >> if you are worried about your packages in christmas eve, you delayed yourself. >> gretchen: blame the weather guy. l>> i ordered it on friday. >> gretchen: merry christmas . still no deal in...
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. ♪ >>> back now at 7:40 as the nation watches to see what happens with the fiscal cliff, there's another important piece of legislation that needs attention. if nothing is done about it, the cost of milk could go sky high. here's nbc's stephanie gosk. >> reporter: the dairy industry is calling it the milk cliff. just like tax rates, if congress doesn't approve a farm bill by january 1st, the price of milk could go up. way up. right now an average gallon costs $3.65. it could soar to between $6 and $8. mara has three little kids. that means a lot of milk. >> you have to have it for young kids. it helps them grow. so it's hard when it gets that expensive. >> reporter: for many families, milk is a staple they can't cut back on. >> a lot of families that are tight, incomewise, they don't want to buy milk at $7, $8. >> reporter: it's not just milk prices. all dairy products would be affected. imagine if wisconsin cheddar cost more than imported french brie. what would that mean for the average grilled cheese? one part of the complicated farm bill controls the dairy market. without it, pricing
. ♪ >>> back now at 7:40 as the nation watches to see what happens with the fiscal cliff, there's another important piece of legislation that needs attention. if nothing is done about it, the cost of milk could go sky high. here's nbc's stephanie gosk. >> reporter: the dairy industry is calling it the milk cliff. just like tax rates, if congress doesn't approve a farm bill by january 1st, the price of milk could go up. way up. right now an average gallon costs $3.65. it could...
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i would ask our representatives, our senators, our president not to take this over the fiscal cliff, but get something done and take care of us in a sensible way instead of waiting to the last minute on all these different issues. thank you for my time. host: thank you. another comment on our #fiscalcliff, "congress is so incompetent, i hope everyone is so happy about who they voted for in november." the 112 congress will be wrapping up this week. the 113th congress will be in on january 3. we have a number of news reports of. this is about what is going on behind the scene. senator tom harkin weighing in on this on the senate floor. >> i was disturbed to read in the washington post this morning that some kind of agreements are being made here, somehow that democrats have agreed to raise the level from two lenders $50,000 to $450,000 -- from $250,000 to $450,000 and there was an agreement reached that we keep the estate taxes at the $5 million level at 35%. all i can say is, democrats do not agree with that. not at all. what it looks like is it looks like all of the tax things will b
i would ask our representatives, our senators, our president not to take this over the fiscal cliff, but get something done and take care of us in a sensible way instead of waiting to the last minute on all these different issues. thank you for my time. host: thank you. another comment on our #fiscalcliff, "congress is so incompetent, i hope everyone is so happy about who they voted for in november." the 112 congress will be wrapping up this week. the 113th congress will be in on...
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cheryl: i cleverly brought you back to the fiscal cliff debate because i want to ask you about this. if you look at the expiration of the bush tax cuts, something else that would go way in 11 and a half hours, that's one-and-a-half percent of gdp. that is a big chunk of this nation's economy that goes away in spending power. i know you and i disagree, but we agree here. some of these tax cuts need to stay in place. >> without question, without question. there is certainly a healthy debate to be had about at what level you maintain the tax cuts. so close to seeing all those tax cuts go away. a completely ridiculous congress inflicted wound on the economy that is very difficult to square with reality. certainly i understand that retroactively they can do a lot to restore a lot of the damaged, but we are so close to the purposes -- press the does, it makes no sense. cheryl: last and final question. i know this is tough to answer, but we have had some really good things happen. the recovery, calling it a recovery, the fed that has been more than generous and throwing money into the syste
cheryl: i cleverly brought you back to the fiscal cliff debate because i want to ask you about this. if you look at the expiration of the bush tax cuts, something else that would go way in 11 and a half hours, that's one-and-a-half percent of gdp. that is a big chunk of this nation's economy that goes away in spending power. i know you and i disagree, but we agree here. some of these tax cuts need to stay in place. >> without question, without question. there is certainly a healthy debate...
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the fiscal cliff. senate majority leader harry reid, speeches on the senate floor from california democrat barbara boxer, west virginia senator joe mansion, texas republican kay bailey hutchison and then caucus leaders speak to reporters. r is recognized. mr. reid: thank you very much, mr. president. i was really gratified to hear the republicans have taken their demand for social security benefit cuts off the table. the truth ishey should never have been on the table to begin with. there is still significant distance between the two sides, but negotiations continue. there is still time left to reach an agreement, and we intend to continue negotiations. i ask unanimous consent that the senate now proceed to a period of morning business for debate only with senators permitted to speak for up to ten minutes each. the presiding officer: without objection, so ordered. . reid: mr. president, we're going to come in at 11:00 a.m. tomorrow morning. we'll have further announcements perhaps at 11:00 in the morni
the fiscal cliff. senate majority leader harry reid, speeches on the senate floor from california democrat barbara boxer, west virginia senator joe mansion, texas republican kay bailey hutchison and then caucus leaders speak to reporters. r is recognized. mr. reid: thank you very much, mr. president. i was really gratified to hear the republicans have taken their demand for social security benefit cuts off the table. the truth ishey should never have been on the table to begin with. there is...
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and the fiscal cliff deal, and are we going to get it done? we will talk to three top lawmakers and they are not in washington yet. and you have been hearing about the movie "django unchained" and the tarantino film has sparked controversy and also a feud between two top directors. and you will get some alex witt this weekend, because she talked to lester holt about what he got dragged into doing on his thanksgiving vacation. and also a lot of people ringing in the new year, and there are going to be issues with snow. s causing issues with people returning back home after the holidays. get ready. we'll have all that. so yes, melissa, good to see you this weekend. >> thanks, t.j. as t.j. might say, don't sleep on our legendary foot soldier who still inspires us all. by t? by the barrelful? the carful? how about...by the bowlful? campbell's soups give you nutrition, energy, and can help you keep a healthy weight. campbell's. it's amazing what soup can do. your doctor will say get smart about your weight. that's why there's glucerna hunger smart
and the fiscal cliff deal, and are we going to get it done? we will talk to three top lawmakers and they are not in washington yet. and you have been hearing about the movie "django unchained" and the tarantino film has sparked controversy and also a feud between two top directors. and you will get some alex witt this weekend, because she talked to lester holt about what he got dragged into doing on his thanksgiving vacation. and also a lot of people ringing in the new year, and there...
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to be a huge problem. >> we are dangerously close to the fiscal cliff. now, in all fairness, not all of it hits on new year's day but some of it does. the white house, we have a white house source who has said this. let me just read this to you. it says we believe very strongly a reasonable package can get majorities in both houses. the only thing that would prevent it is if senator mcconnell and speaker boehner don't cooperate. this is from the white house yesterday. do you believe that to be the case? >> no, i don't believe that to be the case. listen, a year ago august when the president was negotiating with the speaker, they were very close to the big deal that needs to be struck. and this isn't a one party or a one house problem. this is leaders of both parties and all branches of the government are not willing to make the deal that they know they have to make, and everybody wants their stuff but doesn't want to give up, you know, what they don't want to give up. >> you know, we're showing pictures right now of john boehner and president obama. john
to be a huge problem. >> we are dangerously close to the fiscal cliff. now, in all fairness, not all of it hits on new year's day but some of it does. the white house, we have a white house source who has said this. let me just read this to you. it says we believe very strongly a reasonable package can get majorities in both houses. the only thing that would prevent it is if senator mcconnell and speaker boehner don't cooperate. this is from the white house yesterday. do you believe that...
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that having been said the fiscal cliff will turn out to be not a maxi deal but a mini deal and will clip the economy not by 1% but a 2% and a 60% chance something will get done but that's where we come out on it right now. a little bit harder hit to the economy. >> don't adjust your sets, everybody. this is what bob sounds like today. >> this is a different exchange here. >> not doing your imitation of david? >> what do you think that the seasonal factors are a major reason why the markets are holding up so well? if you look at the havens, gold, treasuries, for example, the dollar, there's no sign of panic in the haven. >> silver is down. you've seen a little bit of a lift in the vix, closer to 20. that's not bad, a normalization type of thing. treasuries have sold off a little bit. that means the patient is leaving the hospital. the patient was on intensive care earlier in the year back in june. the biggest day of the year was june 19th. that's the day of the second greek election when that guy came in who did not take them out of euro to. meet biggest things that happened this year wer
that having been said the fiscal cliff will turn out to be not a maxi deal but a mini deal and will clip the economy not by 1% but a 2% and a 60% chance something will get done but that's where we come out on it right now. a little bit harder hit to the economy. >> don't adjust your sets, everybody. this is what bob sounds like today. >> this is a different exchange here. >> not doing your imitation of david? >> what do you think that the seasonal factors are a major...